Insider Selling: Nicole Ringenberg Unloads 3,500 Shares of Monsanto Stock (MON)
Monsanto (NYSE:MON) VP Nicole Ringenberg unloaded 3,500 shares of Monsanto stock on the open market in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $105.02, for a total value of $367,570.00. Following the sale, the vice president now directly owns 2,041 shares in the company, valued at approximately $214,346. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Monsanto (NYSE:MON) traded up 0.33% during mid-day trading on Wednesday, hitting $103.55. 3,452,986 shares of the company’s stock traded hands. Monsanto has a 52 week low of $82.70 and a 52 week high of $109.33. The stock’s 50-day moving average is $102.2 and its 200-day moving average is $102.7. The company has a market cap of $55.037 billion and a P/E ratio of 22.44.
Monsanto (NYSE:MON) last posted its quarterly earnings results on Wednesday, October 2nd. The company reported ($0.47) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.43) by $0.04. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company posted ($0.44) earnings per share. Monsanto’s revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that Monsanto will post $5.28 earnings per share for the current fiscal year.
MON has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Monsanto in a research note to investors on Tuesday. They now have a $110.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Monsanto from $121.00 to $124.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Monsanto from $116.00 to $120.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. Monsanto has an average rating of “Buy” and a consensus price target of $110.64.
Monsanto Company (NYSE:MON), along with its subsidiaries, is a provider of agricultural products for farmers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.